A Company Is Studying the Number of Monthly Absences Among

question 78

Multiple Choice

A company is studying the number of monthly absences among its 125 employees. The following probability distribution shows the likelihood that people were absent 0,1,2,3,4,or 5 days last month. What is the mean number of days absent?

• A)1.00
• B)0.40
• C)0.72
• D)2.5

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Definitions:

Breach Of Contract

The violation of a contractual obligation by failing to perform one's own promise, by hindering another party's performance, or by making it impossible.

Rectification

A correction, by the court, of the wording of a mistake in a contract.

Rescission

The act of revoking, canceling, or repealing a contract or agreement, returning all parties to their original positions prior to the agreement.

Misrepresentation

Misrepresentation involves giving incorrect information by one individual to another, persuading the latter to enter into a contract based on that faulty information, unintentionally leading to misconceptions during agreement formulation.